Pacific Basin Shipping Limited

The freight market in the first quarter of 2025 followed typical seasonal patterns with reduced market activity leading up to Lunar New Year, but global dry bulk volumes were lower than a year ago, partly impacted by high inventory levels in China which undermined Chinese demand for commodities early this year. Our core business generated average Handysize and Supramax TCE earnings of US$10,940 and US$12,210 per day in the first quarter, outperforming the Handysize and Supramax spot market indices by 37% and 55% respectively. Our operating activity margins improved 61% compared to the same period last year to US$820 per day. For further details, please see our 1Q25 Trading Update. https://lnkd.in/ghwEPVJJ #PacificBasin #Handysize #Supramax #Ultramax #DryBulk #SustainableShipping #WithYouForTheLongHaul

Meet Sean Kearney, a member of our 2024 graduate trainee intake, currently based in our London office. Sean is gaining hands-on experience as part of the operations team and is being mentored by a senior colleague to support his growth and development. Next on his journey, Sean will visit Vancouver with the rest of the graduate trainee team where they will learn more about carrying logs and get first-hand exposure to vessels and terminals in action, among many other things! We recently caught up with Sean to hear more about his experience in the commercial graduate trainee programme so far. We are currently inviting applications for our 2025 graduate trainee intake for positions in: 📍 Hong Kong 📍 London 📍 Melbourne 📍 Rio de Janeiro 📍 Santiago 📍 Vancouver 📩 How to Apply: See our full traineeship advert at https://lnkd.in/gHMg9rXp 📅 Deadline: 30 April 2025 💼 Learn more about Pacific Basin: www.pacificbasin.com   #PacificBasin #NowHiring #GraduateProgramme #GlobalCareers #MaritimeIndustry #ShippingCareers #WithYouForTheLongHaul

Calling all graduates! 🌍 Launch Your Career with Pacific Basin’s Commercial Graduate Trainee Programme 🚢 Are you ready to grow with one of the world’s leading dry bulk shipping companies? Apply for the 2025 intake of Pacific Basin’s two-year Commercial Graduate Trainee Programme – a unique opportunity to gain in-depth, hands-on experience across the core functions of a fully integrated shipowner. 🗓 Programme Start Date: 1 September 2025 📝 Application Period: 1 – 30 April 2025 We’re recruiting trainees for the following offices: 📍 Hong Kong 📍 London 📍 Melbourne 📍 Rio de Janeiro 📍 Santiago 📍 Vancouver ✅ What to Expect: - 24-month rotational training across Commercial Operations, Chartering, Bunkers and Commercial Claims, with exposure also to Technical, Sustainability, Finance, Investor Relations and more. - Personalised development with assessment and scope for permanent placement aligned to your strengths and career interests. - Comprehensive insight into global shipping within a market-leading company. 🎓 Who should apply? Recent graduates (exceptional school leavers will also be considered) with strong communication skills, a proactive attitude, and a passion for the maritime industry. 📩 How to Apply: See our full traineeship advert at https://lnkd.in/gHMg9rXp Submit your CV (PDF), your contact details and a covering message telling us about yourself and specifying the position/location you are applying for to: 👉 recruiting@pacificbasin.com 📅 Deadline: 30 April 2025 💼 Learn more about Pacific Basin at www.pacificbasin.com Set sail on your global career journey with us! 🌏🚢 #PacificBasin #NowHiring #GraduateProgramme #GlobalCareers #MaritimeIndustry #ShippingCareers  #WithYouForTheLongHaul

We invite you to read our 2024 Sustainability Report which is downloadable from our website at www.pacificbasin.com/2024. It’s a transparent account of our approach to sustainability in which we harness our culture of doing the right things to drive the resilience and long-term business and financial performance of our Company in an increasingly complex international business landscape. #PacificBasin #SustainabilityReport #SustainableBusinessDevelopment #WithYouForTheLongHaul

We’re investing in energy efficiency of our ships and operations to save money on fuel and comply with maritime decarbonisation rules. We also do what we can in our offices ashore to minimise our energy consumption and greenhouse gas emissions. It’s easy to forget that even modest efforts count, such as turning off the lights and shutting down computers and other equipment when they’re not needed. As WWF’s symbolic annual Earth Hour event approaches at 8:30pm on 22 March, we encourage everyone to switch off non-essential lights for an hour, give our Earth a rest, contemplate the vital role nature plays in our lives, and build energy efficiency practices into your lives every day. #PacificBasin #EarthHour #GiveAnHourForEarth #EnvironmentalResponsibility #WithYouForTheLongHaul

Our Annual Report 2024 is now available to download from our website at www.pacificbasin.com/2024. The report showcases our business and financial performance in 2024, how we are committed to delivering sound shareholder value, our views on the shipping sector, our plans to invest in our future fleet and our strategic priorities for 2025. #PacificBasin #AnnualReport #WithYouForTheLongHaul

We ran our Indian Officers’ Seminar in Goa for the first time last month, and feedback from our attending officers and fleet management team was hugely positive on account of the beauty of the location and the impact of the seminar. Our Officers Seminars serve to promote knowledge sharing, tackle significant challenges and enhance team dynamics through engaging discussions, workshops and activities. Our ship managers and our Indian Officers delved into important topics such as revised MARPOL regulations, machinery failures, common fleet issues, optimisation of commercial operations – including bunker management and cost-efficiency strategies – and threats like drug smuggling by cartels. Team-building activities were again a favourite agenda item, promoting a stronger sense of unity and collaboration within the Company. Thank you to all our colleagues who participated in the seminar! #PacificBasin #GoaSeminar #TrainingAndDevelopment #OurHeroesAtSea #WithYouForTheLongHaul

Today is International Women's Day when we at Pacific Basin reaffirm in particular our support of every woman’s right to pursue a career and enjoy opportunities for career advancement, recognition and rewards based on their merit, free of bias and discrimination. We recognise the value of having diverse colleagues with different differences (of which gender is just one), which makes our PB team and our business more dynamic, vibrant, innovative and successful. We strive to make all our colleagues – female and male – feel supported in their unique efforts to contribute to our business’ resilience and success. Our shore-based team comprises staff of 36 nationalities with a relatively well-balanced gender and age distribution overall. We are also investing in the development of a growing number of female seafarers on our ships. Recognising that gender diversity at sea can come with certain challenges, we are committed to finding ways to enhance the sustainability of gender diversity on cargo ships. We salute our female Pacific Basin colleagues at sea and ashore! #PacificBasin #InternationalWomensDay #Diversity #WithYouForTheLongHaul

We have effective strategies to reduce our fleet’s emissions and discharges consistent with increasingly ambitious regulations, and we pursue a number of more modest initiatives to reduce the environmental impacts of our offices and shore-based activities around the world. Pacific Basin has again been acknowledged as a Hong Kong Green Organisation in recognition of our level of Green Leadership, the effectiveness of our Environmental Programme and Performance and our efforts around Partner Synergy. The Hong Kong Green Organisation Certification serves to promote environmental excellence among organisations in Hong Kong and to benchmark organisations that have made significant achievements in green management. We continually look for ways to reduce our environmental impacts and promote sustainable practices in our operations, as they typically result in compliance, cost savings and a healthier workplace – thus making good business sense as well as being better for the environment! #PacificBasin #SustainableShipping #EnvironmentalResponsibility #HongKongGreenOrganisation #WithYouForTheLongHaul

Today we announced our 2024 Annual Results. Geopolitical and climate-related events ironed out the seasonality that typically characterises the dry bulk market, making it challenging to capture the full value of the market. Even so, we generated a net profit of US$131.7 million yielding a return on equity of 7%, we are debt free on a net basis with available committed liquidity of US$547 million, we made good progress in delivering on our strategy and priorities, we remain positive about our business and our sector in the longer term. The Board recommends a final dividend of HK5.1 cents per share which, combined with the interim dividend distributed in August 2024, represents 50% of our net profit for the full year, excluding vessel disposal gains. We thank all of our Pacific Basin seafarers and shore-based staff as well as our customers and business partners for their loyalty and great support in 2024, and we look forward to tackling together the challenges and opportunities of 2025! For more info, please refer to our 2024 Annual Results press release: https://bit.ly/PBAR2024_E #PacificBasin #Handysize #Supramax #Ultramax #DryBulk #SustainableShipping #WithYouForTheLongHaul